gold’s gym “know your own strength” by: jordan chacanias

Gold’s Gym“Know Your Own Strength”

By:Jordan Chacanias

Background of the company

History:Gold’s Gym started 45 years ago in Venice Beach,

California by Joe Gold. Joe Gold was a fitness instructor and he had a vision on making one of the most prestigious gyms around. He began the tradition of being committed, passionate, and dedicated that has been practiced then when it was started to now in more than 700 locations across the world.

Services

• The services that Gold’s Gym provides are Diet and nutrition, Personal training, Yoga lessons, Group Cycling, Mixed Martial Arts.

Gold’s Throughout the World

• There are 355 locations across the United States

• There are 117 locations across the world

Status of Gold’s Gym

• The status for Gold’s Gym is that they are the world’s number one leading fitness gym.

• As of now Gold’s Gym are planning to put up any more gyms.

• In each Gold’s Gym across the world and the U.S. there are 35 employees that work for Gold’s Gym

• There profits come from their members which is $20 a month and if the members want their own personal trainers they pay them at the personal trainers rate and they get a percentage of the fees.

Top 100

• Gold’s Gym is not in the top 100 franchises • But out of the fitness industry it is in the top

10 for fitness franchise

Plans for business

• There are no future plans that I could find for the franchise of Gold’s Gym

Community Work

• As of right now Gold’s Gym are selling t-shirts for $10 to help with victims from Hurricane Sandy

How to start your own franchise with Gold’s Gym

1. Gold’s Gym requires you to have at least 800k in net worth and 300k in liquid assets

2. Go to the official website and apply for starting a franchise

3. After you apply you start to obtain financing for a gym. Your investment will be between 800k and 1million but Gold’s will help you as a third party

4. Then you have attend Gold’s Gym courses5. Then you start picking your locations where you want

to have your franchise for Gold’s Gym

Start up fee

• Start up fee is 800k for you start your franchise with Gold’s

Franchisor

• Gold’s Gym will help you with financial needs as they act as a third party

Requirements

• In order for you to be a franchisee for Gold’s you need a B.S in marketing and franchising

Where can I contact to start

• Go to Gold’s website and or you can call any of the store locations

Work Cited

• http://www.goldsgym.com/• http://www.goldsgym.com/locator/index.php• http://

www.gaebler.com/Franchise-Directory.htm